1) TrendX+ - candlestick has broke down the red mid-term trendline indicating a mid-term downtrend on-the-go
2) DDX+ - mid-term downtrend, take precautions if broke down zero-axis
3) MCDX+ - banker bar turned weak while retailer bar reappear
4) TAIEX has a bear flag pattern after a tremendous fall since the peak in May 2022. And today, it has broke...
rising cycle 6.07% in 6 days.
This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving...
falling cycle -11.92% more than 10 days.
This data is analyzed by robots. Analyze historical trends based on The Adam Theory of Markets (20 moving averages/60 moving averages/120 moving averages/240 moving averages) and estimate the trend in the next 10 days. The white line is the robot's expected price, and the upper and lower horizontal line stop loss and stop...
- $Taiex bigcap are mostly semi-con whereby most are over-valued during the pandemic
- Now that demand are declining, there will be a surplus of supply > demand and looking at the coming recession / stagflation in the US. Taiwan being US semi-con partner. It will not go well with the GDP
- Broke of major upward trend losing momentum
It seems that my first interpretation about TAIEX is still active:
If the potential corrective pattern is really a Flat(either Expanded or Running),
the price of TAIEX should start to accelerate to the downside to complete wave c
This analysis is designed to provide information that CTS believes to be accurate on the subject matter, but is shared with the understanding that the author is NOT offering individualized advice tailored to any specific portfolio or the particular needs of any individual.
The author of the analysis specifically disclaims any responsibility for any personal or...
Here is my last post about the TAIEX:
The triangle I labeled is actually a triangle in a smaller degree, the wave 5 I anticipated is actually the 5th wave of wave iii
Now TAIEX is forming another running triangle, which should follow a "thrust" to wave v
The price of TAIEX has been going up after bottomed at 2020/3/19,
and it used 2 months to form a Running Triangle (2021/1/21-2021/3/25),
therefore I expect the price is now heading to the last wave
According to my point of view, the micro wave 1 and 3 has finished,
it will be invalided when the price goes above 17819.78
Furthermore, another "evidence" also...
This is our idea from last October on the FTSE TWSE Taiwan 50 Index.
Well , first let's understand why Taiwan is such a great place to live and invest
Also, How Taiwan beats China to be Asia's top-performing economy
The rest is just history, Taiwan is a miracle.
This chart is pretty simple. It basically reminds investors that the Taiwanese stock market is highly positively correlated with US equities using the S&P 500 index as the primary proxy of US stocks. We can see that positive correlation with the correlation coefficient below. The Nikkei 225 is as well. However, TAIEX RSI is nearly flashing overbought and all three...